Gaming Board agrees Turks regulatory cooperation deal
The Gaming Board yesterday signed an agreement with the Turks and Caicos Islands over the exchange of gaming information and services between the two.
DPM: Royal Caribbean being held to same standard as Atlantis, Baha Mar
The DEPUTY Prime Minister yesterday reiterated that Royal Caribbean's proposed $110m Paradise Island project must meet the same environmental standards as those imposed on Atlantis and Baha Mar.
Insurer 'pauses' expansion on EU blacklisting fall-out
A Bahamian insurer yesterday said it has been forced to "pause'" further Caribbean expansion ambitions, adding: "We cannot stress enough the importance of getting off these blacklists."
BISX fund 'back expanding' with $9m warehouse move
A BISX-listed real estate fund yesterday revealed it plans to invest up to $9m in developing its first New Providence warehouse and storage facility as it "gets back into expansion" again.
AML loses receiver bid over attorney's assets
An attorney and grandson of Sir Milo Butler has successfully fought-off a BISX-listed retail group's bid to appoint a receiver over his 25 percent interest in the family's trust.
Gaming regulator 'not here to police morality'
The Gaming Board's executive chairman yesterday hit out at discriminatory rules that bar Bahamians from gambling in hotel casinos, and said: "We're not here to police morality in The Bahamas."
Grand Bahama water regime enacted before rate rise disclosure
Grand Bahama businesses and residents yesterday said it was "amazing" that the island's new water regulatory regime appeared to have been implemented almost two weeks before they were warned of imminent rate hikes.
Web shops ‘carried’ gaming in COVID
A senior Gaming Board official yesterday hailed web shops for "carrying the industry" during the COVID-19 pandemic as no jobs were lost from the domestic sector.
Minister: BAMSI no longer 'wasteland'
BAMSI is now thriving and fruitful again, according to Agriculture and Marine Resources Minister Clay Sweeting, who reported that it has almost made a complete turnaround.
Caribbean states moving on gaming regulatory overhaul
The gaming sector throughout the Caribbean is rapidly evolving as multiple countries seek to overhaul their regulatory regimes in a bid to gain a competitive advantage, an international testing executive said yesterday.
‘Sky’s the limit’: New auto sales soar 40%
The Bahamas Motor Dealers Association’s (BMDA) president yesterday voiced optimism that “the sky’s the limit” for the sector in 2023 after new car sales increased by “almost 40 percent” year-over-year for the first quarter.
Tackle ‘structural inefficiency’ before capping banking fees
The Bahamas will cause more problems than it solves if it seeks to “cap” bank fees without first tackling “structural inefficiencies” in the industry, the Central Bank’s governor warned yesterday.
Bahamas ‘closer to inflation peak’
The Central Bank’s governor yesterday predicted that The Bahamas is now “closer to the peak, if we have not yet seen it”, of inflationary pressures that have driven the post-COVID cost of living crisis.
Governor trims growth forecast ‘closer to 4%’
The Bahamas’ stopover visitor numbers rebounded to 97 percent of pre-COVID levels in the 2023 first quarter, the Central Bank’s governor said yesterday, while slightly trimming his full-year economic growth forecast.
NIB ordered: Pay ex-chief seven years of pensions
The National Insurance Board (NIB) has been ordered to pay a former director almost seven years’ worth of pension benefts after losing a legal battle over her due retirement entitlement.
